Hi all, Here is my situation. Way back when my wife and I purchased our 1st house my in-laws helped with our down payment to reduce our mortgage. As such, my mother in law (father in law is deceased) now owns 17% if o...

Hi BP Community,My tenant's security deposit earned about $9 in interest this year. He is moving out at the end of the month, and assuming he will be getting his full deposit back, what do I do with the interest? I pr...

I'm looking to start wholesaling in my area. I've never done deals before but have been reading ALOT and feel its time to get out of my analysis paralysis. I'm confused on how to start. Should I find investors and ...

Here are the income tax brackets for 2014 and 2015 (from Bankrate). The same six tax rates still apply, but the income that falls into each in 2015 is adjusted for inflation.http://www.biggerpockets.com/blogs/5881/blo...

I have a question to any that have been through the situation or that my have some expertise.My question is I know when you buy a home for investment the taxes and interest on the mortagage are tax deductible.  I have...

As I understand it, if you have not reached full retirement age, 66, your social security benefit will be reduced if you exceed a certain earned income. Rental income is considered passive, so that does not redu...

In reading my 1993 fixed/adjustable mortgage note (5/1) I have the standard paragraph 11 "Uniform Secured Note" statement that can trigger a "due on sale" clause. It reads "If all or any part of the property or any in...

Hi all, I have read several posts on first flips and taxes but have yet to find the answer.  So here goes!  My wife and are both employed and in a higher tax bracket.   So if I flip a house this year and profit $25k a...

I hear people often say that real estate is treated more advantageously from a tax perspective than other businesses.  I frequently hear people say something along the lines of "I get 15% rate of return, and that's no...

Can someone explain maintenance account and the tax implications.should i have different accounts for each house?if i sell a house with a large M.Account what happens?I'm not asking for specific legal advice just an o...